## **Trustees' Annual Report for the period** Period start date Period end date 01[st] August 2024 31[st] July 2025 **To** **From** ## Section A Reference and administration details **Charity name Other names charity is known by** NA **Registered charity number (if any)** 1166259 **Charity's principal address** 60 Wellands Rd Superyacht Charities Lyndhurst Hants **Postcode: SO43 7AD** **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Derek Munro|Chair|Allyear|| ||Ken Hickling||Allyear|| ||Glen Taylor|Treasurer|Allyear|| ||Liam Dobbin||Allyear|| ||Ed Taylor||Allyear|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| **Names of the trustees for the charity, if any, (for example, any custodian trustees)** |**Name**|**Dates acted if not for whole year**| |---|---| |NA|| ||| ||| May **2026** **TAR** 1 ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document Foundation Model Constitution (eg. trust deed, constitution) How the charity is constituted Charitable Incorporated Organisation - (eg. trust, association, company) Trustee selection methods Appointed by other Trustees (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; Five volunteer Trustees for the past year. No Trustee has ever been paid for their services, as the Charity relies fully on volunteers from the top to the bottom. Total Trustees is 5. Majority vote (3 or more) means approval. - All our events are overseen by a chosen Trustee, assisted by the other Trustees as required and supported by a team of volunteers depending on location and the size of the event. - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** - 1) The relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage living in Third World countries (including but not limited to those in the Pacific Ocean, the Caribbean Sea and Indian Ocean). **Summary of the objects of the charity set out in its governing document** - 2) To relieve the needs of people suffering from cancer, and to protect and promote good health among people suffering from cancer, their families and carers, in such ways as the trustees shall determine. **There has been no change to the Constitution dated March 2016** May **2026** **TAR** 2 4 events held this year. ## **Palma Golf October 2024:** A very successful event was held with 146 players for the golf plus an additional 50 people joining for the end of day dinner and drinks. We sold raffle tickets and a small auction to help raise the funds this year Funds were raised for 2 local charities. With a grand total of £47,500 ## **Antigua Sundowners Dec 04[th] 2024:** Was a great success and raised £13,000 for two Antiguan charitable causes. ## **SYC Ball – March 2025** The crowds came back with approximately 500 guests attending this years event and helping us raise funds for two UK based charities plus the SYC Cash4Causes fund. The evening raised a grand total of £80,474 **Summary of the main Seafarers Supper April 2025: activities undertaken for the** This event is held in Palma de Mallorca in conjunction with the Palma **public benefit in relation to** Yacht Show. **these objects (include within** Funds were raised for 2 local charities. **this section the statutory** A total of £23,662 **declaration that trustees have had regard to the guidance Donations from supporters: issued by the Charity** Frankal: £10,000 **Commission on public** BAIN: USD$ 4,650 **benefit)** QUAY Crew USD$2,500 **Other costs** we burdened throughout the year included: Admin support £1.069.83 Office Expenses £ 870.67 Bank charges £ 521.91 Insurance £ 396.55 As always and as per our personal agreement, no fees paid to any Trustees for hours or services. ## **Administrator Fees** This year for the first time we had 4 companies donate £5,000 each for the purpose of to employ and pay an Administrator. The purpose being that this is separate from all funds raised at our events which means we can still promise our supporters that 100% of all their donations go to Charity. ## **Additional details of objectives and activities (Optional information)** May **2026** **TAR** 3 We support Charitable causes that do not receive any Government funding and that can prove to us that more than 90% of all funds they receive are spent on the cause they support ie: no large salary packages to staff. At this stage there are no funds to use for investment. You **may choose** to include further statements, where relevant, about: We have many volunteers that help us set up for our event and help us promote our event within our industry. Without our numerous volunteers we would struggle to put on our many events internationally. - policy on grant making; - policy programme related investment; All funds raised during our Events are to be disbursed to the various charities listed and selected by the Trustees once confirmed that they meet our above pre-requisites. - contribution made by volunteers. ## Section D Achievements and performance May **2026** **TAR** 4 ## Section D Achievements and performance **Grants Agreed in This Financial Period** **Summary of the main achievements of the charity** Resulting from the above fundraising activities we raised a total of **during the year** £232,557.48 We decided throughout the year to split the total and donate to the following charitable causes: Hamble Life boat Scaramouche Sailing Trust (C) Blind at Sea Oarsome Chance Yachting Gives Back Shambhala Foundation Fundacion JoyRon GLIM Antigua This resulted in total donations of £126,315.00 The balance of funds was retained in the Superyacht Charities Cash4Causes fund. Cash4Causes Grants awarded total £25,000.29 Superyacht Charities wants to ensure that worthy causes receive funding to help the growth of smaller non-government funded not-for-profit organisations. We support charitable causes that do not receive any Government funding and that can prove to us that more than 90% of all funds they receive are spent on the cause they support • To achieve this SYC has launched a new initiative starting in 2022, enabling the superyacht industry to support a broader charitable need. • This is known as ‘Cash4Causes’ • Rather than SYC selecting the charities and causes to support, we want charities to apply to us so that we can use our funds to make a difference. May **2026** **TAR** 5 ## **Section E Financial review** **Brief statement of the charity’s policy on reserves** We hold a ‘reserves’ fund. Monies that are not allocated to a specific cause but can be dispersed to causes when the need arises. The amount of £10,000 is always held and topped up from events. **Details of any funds materially in deficit** NA ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); We also hold an Operating balance, which allows the charity to fund the organisation of events and pay for costs, such as venue deposits and Microsoft for email. The amount is £8,000 We have a number of events planned for the period 1[st] August 2025 – 31[st] July 2026, including: - how expenditure has SeaFarers GOLF – Palma – October 2025 - supported the key objectives Antigua Seafarers Cocktails – Antigua – December 2025 - of the charity; SYC Ball – Southampton – March 2026 - • investment policy and SeaFarers Supper – Palma – April 2026 (on schedule with Palma objectives including any Superyacht Show) ethical investment policy adopted. ## **Section F Other optional information** There has been no change to the previous declaration that the CIO holds no Endowment Funds. ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** Kenneth J Hickling **Full name(s)** Derek LY Munro **Position (eg Secretary, Chair,** Chair. Trustee **etc) Date** 31st May 2026 May **2026** **TAR** 6 gjperyatht Charities egistered Charlty Number 1166259 Audited Finanaal Statements For the Year Ended 31 July 2025 Superydtht Charltles cnntèr￿ of the Finandal Statementsfor the Year Ended 31 July 2025 Approval Ststement Independent Examlner's Report Income & Expenditure Account Balance Sheet Note5 to the Financial Ststements ## **Superyacht Charities** Approval Statement I approve these financial statements for YE 31 July 2025 which comprise the Income and Expenditure Account, Balance Sheet, and the related notes. The Trustees acknowledge their responsibility for these financial statements including the appropriateness of the accounting basis, and the review of this accounting period, as set out in Note 1, and for providing all the information and explanations necessary for their compilation. **----- Start of picture text -----**
Chair Trustee
Dated Dated
29th May 2026 29th May 2026
**----- End of picture text -----**
2 Supe￿tht Charfttes Independent EXaM￿e4$ Report I report on the accounts of Superyatht Charitiès. forthe pefK•J l Ah¥ust 2024 to 31 Juty 2025. The finanaal tytsternents tsfwhich, set out th•followim8 Pag Respttthe ResponsH>ilitie5 0fTrySt￿ Examlne The Charity trtistees are rÈsponsible for the preparation of Ihe acCo￿ts, In ac£ordan￿ wilh the re(wirernents of the Charities Art 20111.thè Arfl. I confirm that l am quokfied to undertake the examinatioTh because l arn a member of the A&s￿lation of Chartered Certified Accouni•iits. ￿ 1% my respongbilityto.. Exarnlne the accounts under Sedlon 145 of tt* Act Follow the procethjres lald down In the genwallon dlrectlons. 8lb*n by the tharity Commission, undér secllon 145 of the A¢ and state whether particular m•tters have come to rny attention. B•sk ofthe IndeP￿dert Ex•mtnerfs Rwrt IAudltl. My examlnatlon was carried out In accordance wlth the ¢eneral direetbons gi¥en by the Charity CommissioneTs. AA examlnatlon Indudes a review of the K¢ountini r￿OrdS. kept ty the Charity and • comparison olthe accounts, presented wtth those record* li •159 I￿ude5 consider•tyon of any unusual items or dlsdOsu￿ Ihe accoums ond See￿n9 explanatlons from the rI￿te*s, ¢￿￿nIng ami such rnanef& Ind•pendent EMmlnerf$%knm•ni I hwe wriiyl¥l¥J riiy tpAmln•tion. l eonfirrn thtst rnuterl•l matt•r4 haw ￿rnA to my •ttendrtn In r4Mne.ctlon wtth th• examination ii¥in8 mt reasonablecause to belie4e that in any material respect.. l. Accounting retordswefe not ktpt In respect ot tM company as req￿rnI by 5Èdoft 386 of the 2(￿6 2, The ac£ounts do not xcord vAth those or 3. The ae£ounts do not Complyt•Ath the accounti￿ roguir•m•nts ofs•ction 3% of the 2(￿ A¢ other than any requirement that thè records8Ne a.true and fak VIe￿ whlch Is not a matter considered part of an independent examiner,. or 4. The accounts have not been prepared in attordarte wlth tht methods and prtncip1è5 of the stattmtnt of Recommended Practlce for 8ccouniing and repo￿ng by tharlties lapplicable to Charities preparing Iheir accounts in accordance vthh the Financial Remire Stsndard applicable in the UK and Republic of I￿land IFRS 10211. I have ￿ conorns and have corne across no other rnatters in connection wlth the eyamlnadon to whkh attention should b• drawn In order to enabl* a proper tsndèrstandin¢ of the Ktounts to be reached. Oated: 29 May 2026 C A Mllner. FCCA Accord Accountsnts- Chartered Certified Accountsnts supe￿￿tht Char5tles IncomÈ and Expenditure Account Ft)rth•. ypar ended 31 July 2025 2024-25 2023-24 Income Admln Support Fundraisin8 events 232.558 256,492 Gifts & Donat5ons 125,078 86.162 Bank interest Totsl Income 378,536 343.766 Expendlture Admln Support 11.siu Awards & grants 151,315 161,661 Fundraisin8 exp•nses 143.637 138.953 Advert15in8 Offlce expenses 3.019 Accountsncv 510 Bad debt5 wrltten off 190 167 Bank & credlt charges 562 88 Totsl Expenditure 317.469 301.649 Net Excess Idelkftl of Income less eXpendItu￿ 6&067 44117 5upery4tht Charftles Ba13neè Sho•t As at 31 July 2025 2024-25 2023-24 CURRENT ASSETS Trade Oebtors 20.440 11,554 Cash at bank 212.034 157,694 Total Current Assets 232.474 169,248 aiRREKf UA8IUTIES Trade Creditors 3.308 1,660 Provision for accountancy 910 Provlslon fi>r doubtful debts Total Currerrt Uabillties 4,218 2,140 NEf ASSETS ILIABiimESI- See Notes 2&3 228,256 167.108 FINANCED BY FUNDSOFTHE CIO-Sec Note4 Unrestrbcttd Funds 210.256 149,108 Unrestricted Reserves 18.01 18,000 Restrlcted Funds Total Funds 228,256 167,108 Superyatht Charities Notes tothe Financial Ststements Fnr th•. YÉar Ended 31 July 2025 l. Ac¢ounttng Basis The accounts have been compiled on a receipts and payments basis, and on a going concem ba515. The accounts have been prepared ln accordance with the Charities Art 2011 and section 62 of the Charitsble Inwrporated 018anisatlons IGenerall Regulation$ 2012. 2. Non£urrent Assets Superyacht Charltles holds no Flxed Assets. 3. Endowment Fund5 Superyacht Charltles holds no Endowment Funds. 4. Guarantee5 and Sécured Liabilities There are no 11al￿11t1eS for whith a 8(barantee has been 8l¥en by Superyacht Charities or Ss QLttstandSng, nor debts secured by an express charge on any of its assets. 5. Reserves It is the CharitV'5 policy to hold TeseTves of £18,000 whith Indudes £10,000 In a de5i8nated relief fund for 8rant-glvln8 purposes. gjperyatht Charities egistered Charlty Number 1166259 Audited Finanaal Statements For the Year Ended 31 July 2025 Superydtht Charltles cnntèr￿ of the Finandal Statementsfor the Year Ended 31 July 2025 Approval Ststement Independent Examlner's Report Income & Expenditure Account Balance Sheet Note5 to the Financial Ststements ## **Superyacht Charities** Approval Statement I approve these financial statements for YE 31 July 2025 which comprise the Income and Expenditure Account, Balance Sheet, and the related notes. The Trustees acknowledge their responsibility for these financial statements including the appropriateness of the accounting basis, and the review of this accounting period, as set out in Note 1, and for providing all the information and explanations necessary for their compilation. **----- Start of picture text -----**
Chair Trustee
Dated Dated
29th May 2026 29th May 2026
**----- End of picture text -----**
2 Supe￿tht Charfttes Independent EXaM￿e4$ Report I report on the accounts of Superyatht Charitiès. forthe pefK•J l Ah¥ust 2024 to 31 Juty 2025. The finanaal tytsternents tsfwhich, set out th•followim8 Pag Respttthe ResponsH>ilitie5 0fTrySt￿ Examlne The Charity trtistees are rÈsponsible for the preparation of Ihe acCo￿ts, In ac£ordan￿ wilh the re(wirernents of the Charities Art 20111.thè Arfl. I confirm that l am quokfied to undertake the examinatioTh because l arn a member of the A&s￿lation of Chartered Certified Accouni•iits. ￿ 1% my respongbilityto.. Exarnlne the accounts under Sedlon 145 of tt* Act Follow the procethjres lald down In the genwallon dlrectlons. 8lb*n by the tharity Commission, undér secllon 145 of the A¢ and state whether particular m•tters have come to rny attention. B•sk ofthe IndeP￿dert Ex•mtnerfs Rwrt IAudltl. My examlnatlon was carried out In accordance wlth the ¢eneral direetbons gi¥en by the Charity CommissioneTs. AA examlnatlon Indudes a review of the K¢ountini r￿OrdS. kept ty the Charity and • comparison olthe accounts, presented wtth those record* li •159 I￿ude5 consider•tyon of any unusual items or dlsdOsu￿ Ihe accoums ond See￿n9 explanatlons from the rI￿te*s, ¢￿￿nIng ami such rnanef& Ind•pendent EMmlnerf$%knm•ni I hwe wriiyl¥l¥J riiy tpAmln•tion. l eonfirrn thtst rnuterl•l matt•r4 haw ￿rnA to my •ttendrtn In r4Mne.ctlon wtth th• examination ii¥in8 mt reasonablecause to belie4e that in any material respect.. l. Accounting retordswefe not ktpt In respect ot tM company as req￿rnI by 5Èdoft 386 of the 2(￿6 2, The ac£ounts do not xcord vAth those or 3. The ae£ounts do not Complyt•Ath the accounti￿ roguir•m•nts ofs•ction 3% of the 2(￿ A¢ other than any requirement that thè records8Ne a.true and fak VIe￿ whlch Is not a matter considered part of an independent examiner,. or 4. The accounts have not been prepared in attordarte wlth tht methods and prtncip1è5 of the stattmtnt of Recommended Practlce for 8ccouniing and repo￿ng by tharlties lapplicable to Charities preparing Iheir accounts in accordance vthh the Financial Remire Stsndard applicable in the UK and Republic of I￿land IFRS 10211. I have ￿ conorns and have corne across no other rnatters in connection wlth the eyamlnadon to whkh attention should b• drawn In order to enabl* a proper tsndèrstandin¢ of the Ktounts to be reached. Oated: 29 May 2026 C A Mllner. FCCA Accord Accountsnts- Chartered Certified Accountsnts supe￿￿tht Char5tles IncomÈ and Expenditure Account Ft)rth•. ypar ended 31 July 2025 2024-25 2023-24 Income Admln Support Fundraisin8 events 232.558 256,492 Gifts & Donat5ons 125,078 86.162 Bank interest Totsl Income 378,536 343.766 Expendlture Admln Support 11.siu Awards & grants 151,315 161,661 Fundraisin8 exp•nses 143.637 138.953 Advert15in8 Offlce expenses 3.019 Accountsncv 510 Bad debt5 wrltten off 190 167 Bank & credlt charges 562 88 Totsl Expenditure 317.469 301.649 Net Excess Idelkftl of Income less eXpendItu￿ 6&067 44117 5upery4tht Charftles Ba13neè Sho•t As at 31 July 2025 2024-25 2023-24 CURRENT ASSETS Trade Oebtors 20.440 11,554 Cash at bank 212.034 157,694 Total Current Assets 232.474 169,248 aiRREKf UA8IUTIES Trade Creditors 3.308 1,660 Provision for accountancy 910 Provlslon fi>r doubtful debts Total Currerrt Uabillties 4,218 2,140 NEf ASSETS ILIABiimESI- See Notes 2&3 228,256 167.108 FINANCED BY FUNDSOFTHE CIO-Sec Note4 Unrestrbcttd Funds 210.256 149,108 Unrestricted Reserves 18.01 18,000 Restrlcted Funds Total Funds 228,256 167,108 Superyatht Charities Notes tothe Financial Ststements Fnr th•. YÉar Ended 31 July 2025 l. Ac¢ounttng Basis The accounts have been compiled on a receipts and payments basis, and on a going concem ba515. The accounts have been prepared ln accordance with the Charities Art 2011 and section 62 of the Charitsble Inwrporated 018anisatlons IGenerall Regulation$ 2012. 2. Non£urrent Assets Superyacht Charltles holds no Flxed Assets. 3. Endowment Fund5 Superyacht Charltles holds no Endowment Funds. 4. Guarantee5 and Sécured Liabilities There are no 11al￿11t1eS for whith a 8(barantee has been 8l¥en by Superyacht Charities or Ss QLttstandSng, nor debts secured by an express charge on any of its assets. 5. Reserves It is the CharitV'5 policy to hold TeseTves of £18,000 whith Indudes £10,000 In a de5i8nated relief fund for 8rant-glvln8 purposes.